Today’s cryptocurrency prices: Bitcoin is falling as the bear market persists, and other virtual coins are following suit
Cryptocurrency prices have continued to decrease as the virtual coin market has experienced considerable volatility over the last 24 hours. Due to massive profit-booking, crypto prices began to decline following […] The post Today’s cryptocurrency prices: Bitcoin is falling...
Cryptocurrency prices have continued to decrease as the virtual coin market has experienced considerable volatility over the last 24 hours.
Due to massive profit-booking, crypto prices began to decline following Monday’s trading session and have remained sluggish since then. Monthly options expiry, according to experts, is also a cause of volatility in the crypto market.
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At 12:07 p.m., Bitcoin (BTC), the world’s most popular cryptocurrency, traded just below $47,000, down 2.95 percent. The market capitalization of the virtual currency has plummeted to $882 billion.
It should be remembered that Bitcoin hit a high of $50,000 on Monday, and its market capitalization is already approaching $950 billion.
The value of Ether (ETH) has likewise plummeted in the last 24 hours. It was selling at $3,109, down more than 3% from the previous day’s price. The market capitalization of Ether has dropped to $363 billion.
Due to the selloff seen over the last 24 hours, all other cryptocurrencies have lost ground as well, trading 3-8 percent lower.
“The crypto markets were very volatile during the previous 24 hours,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the cryptocurrency market. Before the monthly options expiry, such volatility is common.”
Here are the latest prices and trends of popular cryptocurrencies:
| Cryptocurrency | Price (US Dollar) | 24-hour change | Market cap (Billion) | Volume (24 Hours) |
| Bitcoin | 46,999.44 | -3.07% | $883.69 | $33.70 billion |
| Ether | 3,112.16 | -3.39% | $364.62 | $20.52 billion |
| Dogecoin | 0.277309 | -6.19% | $36.26 | $2.16 billion |
| Litecoin | 170.77 | -4.09% | $11.68 | $1.66 billion |
| XRP | 1.13 | -4.31% | $112.74 | $4.59 billion |
| Cardano | 2.62 | -6.06% | $84.71 | $5.85 billion |
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